Tasdeeq is set to launch an initial public offering (IPO) on the Pakistan Stock Exchange, marking a historic milestone as it becomes the first publicly listed credit bureau in South Asia.
According to advisers at Topline Securities, the listing represents a significant development for Pakistan’s capital market and will provide investors with exposure to the country’s growing credit information and analytics sector.
Tasdeeq operates under the regulatory supervision of the State Bank of Pakistan and provides credit information, analytics services, and third-party price validation solutions to financial institutions. The company also maintains a proprietary database used for compliance with Credit Information Bureau (CIB) regulations.
Market sources say the company has shown strong revenue and profitability growth in recent years, driven by its asset-light business model. It is also expanding into business-to-consumer (B2C) services alongside its core institutional offerings.
The company’s board is said to comply with SBP’s Fit and Proper Test requirements and is supported by an experienced management team.
Analysts view the upcoming IPO as a potential boost for Pakistan’s capital markets, expanding investor participation in a new and relatively untapped financial services segment.
The listing, if successful, will mark the first time a credit bureau is publicly traded in the South Asian region, highlighting growing maturity in Pakistan’s financial ecosystem.
